Given the stock dynamic +1 - + 0-5 (1 -100 ) 0-01 and the net bene.pdf

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Given the stock dynamic +1 = + 0.5 (1 /100 ) 0.01 and the net benefit function 0.01 , where the price is $10 and cost of effort is $1, find the steady state open access effort level, What is the open access stock level, What is the net benefit at the open access steady state.

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